Passumpsic Savings Bank Invests $1.80 Million in Ubiquiti Inc. $UI

Passumpsic Savings Bank acquired a new position in shares of Ubiquiti Inc. (NYSE:UI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 3,258 shares of the company’s stock, valued at approximately $1,803,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Ubiquiti by 87.5% during the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after buying an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC acquired a new position in shares of Ubiquiti during the 3rd quarter worth about $33,000. Quarry LP acquired a new position in shares of Ubiquiti during the 3rd quarter worth about $34,000. Westside Investment Management Inc. boosted its stake in shares of Ubiquiti by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock worth $69,000 after buying an additional 51 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Ubiquiti during the 4th quarter worth about $65,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Stock Performance

Shares of UI opened at $624.13 on Monday. Ubiquiti Inc. has a 52 week low of $368.42 and a 52 week high of $1,099.99. The firm has a market cap of $37.77 billion, a P/E ratio of 40.11 and a beta of 1.46. The firm’s 50-day simple moving average is $862.64 and its 200 day simple moving average is $702.66.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The company had revenue of $788.20 million during the quarter, compared to analyst estimates of $814.30 million. The company’s quarterly revenue was up 18.7% on a year-over-year basis. As a group, equities analysts forecast that Ubiquiti Inc. will post 14.04 earnings per share for the current year.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 18th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, May 18th. This represents a $3.20 annualized dividend and a dividend yield of 0.5%. Ubiquiti’s dividend payout ratio (DPR) is currently 20.57%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UI shares. BWS Financial reaffirmed a “buy” rating and issued a $980.00 target price on shares of Ubiquiti in a report on Monday, May 11th. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays upped their target price on shares of Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Zacks Research cut shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Ubiquiti from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ubiquiti has an average rating of “Hold” and a consensus target price of $750.67.

About Ubiquiti

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.